Commerzbank swings to a loss in the second quarte dragging the shares lower, while socgen suffers as the french lender sees both profits and revenues decline the banks deputy ceo tells cnbc emerging markets are helping we have an advantage from the improving environment in central europe, from the dynamic in africa, which has compensated the still negative Interest Rate environment in the eurozone, and the low market volatility. An apple a day keeps the bears at bay the iphone makers better than expected earnings boost european suppliers, and set apple shares up to open at a record high. Good morning, everyone its hump day, that means its wednesday, of course the stoxx 600 is not doing too much this morning. Were off bay fraction the german and french markets are higher, but seeing pressure when it comes to the ftse. Thats in part because were seeing the mining shares on pressure rio tinto off by 2. 5 , this on the back of a disappointing dividend the divi not as big as some expected r
From the open of asias first major market. Betty it is after 6 00 in new york. We will be looking at how all of the action on wall street will play into the asiapacific trading day. Not as much action over the weekend as we saw last week on friday. Steve bannon finally being ousted. Palace intrigue is what they are calling it. We will go from focusing on what is going on in washington to what is going on in jackson hole where the fed speakers are lining up, in particular janet yellen. That is where the markets focus will be. Given all that intrigue, we did close close lower again. Haidi never far from the political misadventures in washington at this point. That is a point of focus for investors. It is a macro light week this week, but we will have fed speak and centralbank speak going into that key event in wyoming. Take a look at how we are setting up in asia. Fallingthe dollar index with all 10 currencies except the swiss franc. Kiwia stocks down 0. 2 stocks falling down 0. 2 . This
Wargames start this trading week , a few jitters, a mixed the session, msci asiapacific nding declines from friday extending declines from friday. The palace intrigue, steve bannon returning to breitbart, the latest in high profile departures from the Trump Administration. Macrolike when it comes to asia and globally, but 54 or the eight, local Central Banks are what we are watching, culminating a week of fed speak from janet yellen and mario draghi in frankfurt this week ending up in wyoming, jackson hole, the central bank meeting, expect ring a cautious mario his comments about the Balance Sheet about Interest Rates and inflation taken wildly by the markets this year, but not expecting a massive policy surge from him, but there could be comments on how the stronger on inflationing expectations, and listening for Janet Yellens comments, guidance when it comes to the richer directory and talents sheet unwind. The ecb, not expecting shock and all from mario draghi. 2014 had him using ja
Nations nuclear arsenals. All of the latest from moscow. Welcome to whatd you miss . Bloomberg daybreak europe, our flagship show from the city of london. Deutsche bank, 50 less than at the height of the speculation of autumn. 1912. 50 ofe bank settles for the number originally expected. Monte dei paschi will ask for state aid from what we understand. I have gathered together the price to book ratios. The red is that of the whole of europe. How decimated is Banca Monte Paschi . 05 . Barely Deutsche Bank trade that. 4 , the blue line, and it has seen a little bit of recovery. The question the market needs to ask itself today, is there a renewed probability of rising values once a state bailout is in place and Deutsche Bank settles with the regulators . Deutsche bank has put 9 billion 2008. Ince 200 defrauding fannie and freddie and mortgagebacked securities has drawn and 46 billion in fines, but this is a state of play. As a proposition to the market, do you see a resurgence . The yield
That is what we have up the moment. They are likely to restore the ideological balance. It was left a vacancy and hasnt been filled yet. Have a republican appointee with a decades long record on the federal bench. Just waiting at the moment for what is going on there in formerly of breitbart news, talking to a colleague there. This is what we have as we await donald trump to get to the lectern to announce his Supreme Court nominee. Repeat, the two names are neil gore such of denver and thomas hardeman. People are standing up. One can assume that donald trump is approaching the lectern. President trump thank you. Thank you very much. Thank you. Thank you very much, ladies and gentlemen. When Justice Scalia passed away suddenly last february, i made a promise to the American People. If i were elected president , i would find the very best judge in the country for the Supreme Court. I promised to select someone that respects our laws and is representative of our constitution and who loves